Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$214,927$215,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,389.16$1,483.15
2nd payment$0.00$0.00
Taxes / mo$282.50$282.50
Insurance / mo$150.00$150.00
MI / mo$100.73$43.18
HOA / mo$44.08$44.08
Total monthly$1,966.47$2,002.91
Cash to close$24,973$23,990